Dubai World looks to sell assets in quest for cash

An Emirati man tries to control a balloon with the image of Dubai's ruler and UAE prime minister Sheik Mohammed bin Rashid Al Maktoum during the UAE national day parade in Dubai, United Arab Emirates, Tuesday, Dec. 1, 2009. Talking to the media Tuesday, Sheik Mohammed said, Dubai's economy is 'strong' and 'solid' and the world does not understand what is happening in Dubai, in his first public comments since the financial meltdown in the former Arab boomtown. (AP Photo/Kamran Jebreili) (AP Photo/Kamran Jebreili)

December 7, 2009 6:23:29 AM PST
Dubai World may unload some assets to raise cash, a senior government official said, reflecting a potential about face for the heavily-indebted conglomerate behind much of Dubai's boom.